UNIVERSITY -E-

Operated by L & M OPERATING, INC. (P-5 480113) in the WEGER, WEST (GRAYBURG) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Oil lease lease 2548District 7CField 95874500Hydrogen sulphide fieldOilCasinghead gasSaveExport
Value, all time
$2.2 M
Jan 1993 – May 2026
Value, last 12 filed months
$90 k
at the published price for each month
Months reported
401
no gaps in the span
Streams
2
oil, casinghead gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 13 leases and 23 wells, and the rule below applies to all of them.

Discovered
1956-05-15
as the register files it
Field class
Oil
the register's own label
Between wells
no field rule filed
From a lease line
no field rule filed

The register flags this field for hydrogen sulphide. That is a poisonous gas that occurs naturally in some formations. The flag is a property of the field as the Commission records it. It is not a measurement taken at this lease, and it is not a statement that gas is escaping anywhere.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
OilDisposition42,524 bbl$2,162,932
Casinghead gasProduction968 Mcf$3,941
Total$2,166,873

47 Mcf of this lease's gas, across 47 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (4)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 31.0723, -101.4812. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.4 miles.

31.07193, -101.48143 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
25.0%
1 of 4 wells
With a plug date
25.0%
1 of 4 wells
Median depth
2,532 ft
2 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
125.0%
A plug date is filed
125.0%
BothOn the schedule and plugged. Neither fact cancels the other.
125.0%
NeitherNo plug date, and not on the schedule.
375.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

Between 2,463 and 2,600 ft, median 2,532 ft, over the 2 wells that filed a depth.

Completions filed
Jun 2013
1 of 4 wells; 3 filed none
Plug dates filed
Mar 1987
1 of 4 wells; 3 filed none

4 wells

42-1050179212,463 ftMar 1987Yes
42-105017912
42-105106223
42-1054158842,600 ftJun 2013

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (401)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

401 months

May 20261601106.413.05$17,029
Apr 20260198.932.87$3
Mar 2026161189.753.15$14,453
Feb 2026160163.503.75$10,164
Jan 20260159.138.00$8
Dec 2025161156.664.41$9,127
Nov 2025160158.593.93$9,378
Oct 2025158159.383.30$9,385
Sep 20250162.743.08$3
Aug 2025162163.933.01$10,360
Jul 20250166.743.32$3
Jun 2025159166.483.13$10,573
May 20250160.553.23$3
Apr 2025163162.363.54$10,168
Mar 20250167.704.27$4
Feb 20250170.884.34$4
Jan 2025158174.324.28$11,747
Dec 2024161168.993.12$11,111
Nov 2024163169.052.20$11,257
Oct 20240171.372.28$2
Sep 2024153169.612.36$10,653
Aug 20240175.632.06$2
Jul 2024163179.932.15$13,031
Jun 20240178.082.63$3
May 2024159178.812.20$12,533
Apr 20240184.451.66$2
Mar 2024160280.301.55$12,851
Feb 2024161176.091.78$12,252
Jan 20240173.023.30$3
Dec 2023161171.262.61$11,475
Nov 20230177.892.81$3
Oct 2023170185.443.09$14,528
Sep 20230189.042.74$3
Aug 20230180.522.67$3
Jul 2023160174.852.64$11,979
Jun 2023158168.962.26$10,898
May 20230170.622.23$2
Apr 2023159178.122.24$12,423
Mar 2023176272.852.39$12,826
Feb 20230175.112.47$2
Jan 2023169176.533.39$12,937
Dec 20220176.415.73$6
Nov 2022158185.005.65$13,436
Oct 2022168187.185.86$14,652
Sep 20220184.888.16$8
Aug 2022178194.529.13$16,834
Jul 20221571101.587.54$15,956
Jun 202201115.097.98$8
May 202201109.378.43$8
Apr 20222411104.226.84$25,124
Mar 20221561108.885.08$16,990
Feb 20220191.054.86$5
Jan 2022171181.844.54$13,999
Dec 20210171.323.90$4
Nov 20210177.435.24$5
Oct 2021161179.795.71$12,852
Sep 2021153169.865.35$10,694
Aug 20211166.024.22$70
Jul 2021154170.783.98$10,904
Jun 2021159169.493.38$11,052
May 20210163.483.02$3
Apr 2021153160.362.76$9,238
Mar 2021154161.302.72$9,443
Feb 20211157.805.55$63
Jan 2021154150.412.81$7,766
Dec 2020164144.642.68$7,324
Nov 20200138.772.71$3
Oct 20200136.972.48$2
Sep 2020155137.091.99$5,751
Aug 2020157139.982.39$6,279
Jul 2020158138.371.83$6,064
Jun 20200134.901.69$2
May 20200316.921.81$5
Apr 20200214.751.80$4
Mar 2020152230.341.86$4,615
Feb 20200249.881.98$4
Jan 2020156157.252.09$8,933
Dec 20190159.012.30$2
Nov 2019166155.302.75$9,183
Oct 20190253.472.42$5
Sep 2019171255.052.66$9,419
Aug 2019160153.112.30$8,500
Jul 20190156.272.46$2
Jun 2019157152.782.49$8,289
May 20190158.482.74$3
Apr 2019167162.632.75$10,462
Mar 20190156.803.06$3
Feb 2019159150.852.79$8,088
Jan 2019156146.033.23$7,184
Dec 20180146.594.19$4
Nov 2018168152.934.24$8,896
Oct 20180161.443.40$3
Sep 2018160159.543.11$9,530
Aug 2018167159.403.07$9,923
Jul 2018164165.142.93$10,686
Jun 20180160.183.08$3
May 2018160165.382.90$10,464
Apr 2018156163.842.90$9,962
Mar 2018155161.222.79$9,492
Feb 20180161.782.77$3
Jan 2018151162.874.01$9,497
Dec 2017151157.272.92$8,651
Nov 20170155.423.12$3
Oct 2017160149.292.98$7,889
Sep 2017160147.523.09$7,606
Aug 20170145.373.00$3
Jul 2017175143.873.09$7,680
Jun 20170142.493.09$3
May 20170145.373.26$3
Apr 2017179147.933.21$8,583
Mar 2017180446.772.98$8,431
Feb 20170450.452.95$12
Jan 2017178449.413.42$8,809
Dec 20160448.763.72$15
Nov 2016166442.492.64$7,064
Oct 2016174646.193.09$8,056
Sep 20160641.553.10$19
Aug 2016168641.442.92$6,979
Jul 2016160641.622.92$6,677
Jun 2016172645.352.69$7,816
May 20160642.521.99$12
Apr 2016176636.561.99$6,447
Mar 2016183633.011.79$6,052
Feb 20160626.472.06$12
Jan 2016183627.352.36$5,019
Dec 2015172632.362.00$5,578
Nov 20150638.792.17$13
Oct 2015171843.552.43$7,466
Sep 20150842.992.76$22
Aug 201501040.162.87$29
Jul 20151741048.152.95$8,408
Jun 201501256.152.88$35
May 20151751255.212.96$9,697
Apr 20151681249.822.71$8,402
Mar 20151721542.892.93$7,421
Feb 201501544.662.98$45
Jan 20151641543.433.10$7,169
Dec 20140954.693.59$32
Nov 20141931570.464.25$13,663
Oct 201401578.303.90$59
Sep 20141911586.164.05$16,517
Aug 20141681589.394.04$15,078
Jul 20141711596.564.18$16,574
Jun 201401598.164.74$71
May 2014190394.734.73$18,013
Apr 201412395.944.81$1,166
Mar 2014187395.895.06$17,947
Feb 2014171397.406.19$16,674
Jan 20140390.404.86$15
Dec 2013176491.824.35$16,178
Nov 2013158388.853.74$14,050
Oct 2013165397.423.78$16,086
Sep 20131773104.113.72$18,439
Aug 201303104.253.52$11
Jul 20131813102.523.72$18,567
Jun 2013169294.403.93$15,961
May 2013168294.834.15$15,940
Apr 201316293.964.28$1,512
Mar 20130293.623.91$8
Feb 20130291.233.42$7
Jan 2013192291.603.42$17,594
Dec 20120286.773.42$7
Nov 2012194286.953.62$16,876
Oct 20123289.383.40$275
Sep 20121294.672.92$101
Aug 20120292.662.91$6
Jul 2012165285.133.02$14,052
Jun 20120279.822.52$5
May 2012185291.612.49$16,953
Apr 20121902101.652.00$19,317
Mar 201202105.052.22$4
Feb 20121732101.102.57$17,495
Jan 20120298.092.73$5
Dec 2011193296.873.24$18,702
Nov 20110295.723.31$7
Oct 2011170284.983.65$14,454
Sep 20111283.623.99$92
Aug 2011190283.404.15$15,854
Jul 20110294.144.52$9
Jun 20110292.904.64$9
May 2011183298.134.40$17,967
Apr 20111762105.964.33$18,658
Mar 2011180296.364.06$17,353
Feb 20110285.644.18$8
Jan 2011183286.504.59$15,839
Dec 20100285.734.35$9
Nov 2010185280.843.80$14,963
Oct 20100278.103.51$7
Sep 2010185272.633.98$13,445
Aug 20100273.684.42$9
Jul 2010192272.554.74$13,939
Jun 20100270.364.91$10
May 2010177271.124.24$12,597
Apr 20100281.694.12$8
Mar 2010177478.394.39$13,893
Feb 2010190273.585.44$13,991
Jan 20100274.365.96$12
Dec 2009168071.445.48$12,002
Nov 20090274.593.75$8
Oct 2009183272.544.11$13,283
Sep 2009184265.543.06$12,065
Aug 20090267.423.22$6
Jul 2009181261.133.46$11,071
Jun 20090266.163.90$8
May 2009172254.743.93$9,423
Apr 2009179246.773.59$8,379
Mar 20090242.144.06$8
Feb 2009172232.814.63$5,653
Jan 2009190235.865.37$6,824
Dec 20080237.105.98$12
Nov 2008175255.496.86$9,724
Oct 2008175275.246.92$13,181
Sep 200802101.767.88$16
Aug 20081802114.228.48$20,577
Jul 20081782131.0811.39$23,355
Jun 200804131.3313.03$52
May 20081662123.1711.57$20,469
Apr 20081852110.3110.45$20,428
Mar 200803101.909.66$29
Feb 2008185292.538.77$17,136
Jan 2008182290.388.21$16,466
Dec 2007181288.337.30$16,002
Nov 20074491.677.29$396
Oct 2007185282.856.92$15,341
Sep 2007167275.846.24$12,678
Aug 2007320269.066.39$22,112
Jul 20070270.906.39$13
Jun 2007164262.007.55$10,183
May 2007169258.747.85$9,943
Apr 20070259.617.81$16
Mar 20071356.927.30$79
Feb 2007166255.108.22$9,163
Jan 2007165450.306.73$8,326
Dec 20062256.656.92$127
Nov 2006161254.207.62$8,741
Oct 2006167254.906.01$9,180
Sep 20060260.085.04$10
Aug 2006166368.717.34$11,428
Jul 2006158669.376.34$10,999
Jun 20060266.286.38$13
May 2006164466.016.42$10,851
Apr 2006166364.397.36$10,711
Mar 20060456.707.08$28
Feb 2006166557.597.75$9,599
Jan 20060460.598.93$36
Dec 2005166254.9413.42$9,147
Nov 2005167254.6910.59$9,154
Oct 2005165258.3413.80$9,654
Sep 20050261.4512.08$24
Aug 2005162461.519.80$10,004
Jul 20050255.697.84$16
Jun 2005154252.337.38$8,074
May 2005165245.226.65$7,475
Apr 2005172449.207.36$8,492
Mar 20050450.377.15$29
Feb 2005335345.226.31$15,168
Jan 20050343.166.32$19
Dec 20040439.866.75$27
Nov 20040145.286.33$6
Oct 2004167449.706.52$8,326
Sep 2004173443.245.28$7,502
Aug 20040442.375.55$22
Jul 2004165438.286.08$6,341
Jun 20040436.106.43$26
May 2004167437.486.49$6,285
Apr 20040434.475.86$23
Mar 2004168434.365.53$5,795
Feb 2004169432.455.51$5,506
Jan 20040432.036.30$25
Dec 20030430.266.30$25
Nov 2003170428.804.60$4,914
Oct 20030428.174.76$19
Sep 2003181426.314.75$4,781
Aug 20030429.765.13$21
Jul 2003167429.415.17$4,932
Jun 20030428.565.98$24
May 2003169426.595.97$4,518
Apr 20030426.675.41$22
Mar 2003166431.146.10$5,194
Feb 20030433.487.93$32
Jan 2003164430.315.58$4,993
Dec 2002168426.914.85$4,540
Nov 2002169424.664.14$4,184
Oct 20020426.464.23$17
Sep 20021427.443.64$42
Aug 2002162425.963.16$4,218
Jul 20020424.583.06$12
Jun 2002167423.733.34$3,976
May 20020424.663.58$14
Apr 2002161423.653.51$3,822
Mar 20020422.003.10$12
Feb 2002158418.222.38$2,888
Jan 2002171417.172.38$2,946
Dec 2001167416.932.36$2,837
Nov 20012418.072.41$46
Oct 2001162419.782.53$3,214
Sep 20010424.262.25$9
Aug 2001160424.873.05$3,991
Jul 2001152223.933.20$3,644
Jun 2001164224.563.82$4,035
May 20011225.524.31$34
Apr 2001167224.685.34$4,132
Mar 2001171224.545.38$4,207
Feb 20010227.755.77$12
Jan 2001162227.478.40$4,467
Dec 20000226.889.12$18
Nov 2000164232.215.66$5,294
Oct 2000165131.235.15$5,158
Sep 2000171131.875.19$5,455
Aug 2000163129.644.54$4,836
Jul 20000128.534.09$4
Jun 2000167129.304.40$4,898
May 2000159127.263.68$4,338
Apr 20000124.513.12$3
Mar 2000171128.422.86$4,863
Feb 2000158127.622.73$4,367
Jan 2000161125.272.48$4,071
Dec 1999160124.282.42$3,887
Nov 19990123.192.43$2
Oct 1999163120.982.80$3,423
Sep 1999159121.752.62$3,461
Aug 1999156119.262.88$3,007
Jul 1999161117.892.37$2,883
Jun 19990115.942.36$2
May 1999155115.792.32$2,450
Apr 1999157115.102.21$2,373
Mar 1999162112.471.84$2,022
Feb 199915719.981.82$1,569
Jan 19990110.381.90$2
Dec 199815419.201.77$1,419
Nov 1998158110.892.19$1,723
Oct 1998158112.421.97$1,964
Sep 19980112.592.08$2
Aug 1998160111.301.91$1,810
Jul 19980111.742.24$2
Jun 1998166111.242.24$1,868
May 1998162112.622.21$2,047
Apr 1998158113.042.51$2,063
Mar 1998152112.802.31$1,948
Feb 19980113.952.30$2
Jan 1998153114.702.15$2,251
Dec 19970116.322.41$2
Nov 1997161118.193.09$2,932
Oct 1997149119.253.15$2,871
Sep 1997151117.742.95$2,682
Aug 19970117.862.55$3
Jul 1997153117.582.25$2,692
Jun 1997308117.242.26$5,312
May 1997157118.972.31$2,981
Apr 1997156117.882.08$2,791
Mar 19970118.951.94$2
Feb 19970120.492.21$2
Jan 1997154123.483.54$3,619
Dec 1996162123.32$3,778
Nov 19960121.97$0
Oct 1996156123.31$3,636
Sep 1996157122.22$3,489
Aug 1996156120.26$3,161
Jul 19960119.55$0
Jun 1996175118.73$3,278
May 1996172119.43$3,342
Apr 19960121.51$0
Mar 1996174119.38$3,372
Feb 1996178116.98$3,022
Jan 1996174117.07$2,970
Dec 19951117.19$17
Nov 1995345116.00$5,520
Oct 1995179115.43$2,762
Sep 19952116.18$32
Aug 1995175115.92$2,786
Jul 1995174115.24$2,652
Jun 1995189116.41$3,101
May 19950117.56$0
Apr 19950117.73$0
Mar 1995172116.44$2,828
Feb 1995179116.58$2,968
Jan 1995179115.92$2,850
Dec 19940115.03$0
Nov 1994171115.90$2,719
Oct 1994174115.58$2,711
Sep 1994174115.29$2,660
Aug 1994340116.13$5,484
Jul 19940117.56$0
Jun 1994169117.09$2,888
May 1994163015.88$2,588
Apr 19946114.14$85
Mar 19940112.46$0
Feb 1994162112.50$2,025
Jan 1994177112.66$2,241
Dec 1993174112.33$2,145
Nov 19931114.49$14
Oct 19930115.85$0
Sep 1993171115.03$2,570
Aug 1993180115.66$2,819
Jul 19930115.46$0
Jun 1993165116.79$2,770
May 1993169117.68$2,988
Apr 1993166118.05$2,996
Mar 19930118.14$0
Feb 1993167117.90$2,989
Jan 1993181116.93$3,064

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Oil                  160 bbl  × $106.41 =    $17,026
Casinghead gas         1 Mcf  × $  3.05 =         $3

────────────────────────────────────────────────────
Month total                                  $17,029

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 7C/O/2548 is the state's own key, not one this site invented.